As the deadline set by the National Highways Authority of India (NHAI) looms, FASTag customers are reminded to update their Know Your Customer (KYC) particulars by February 29, 2024, to stop potential deactivation or blacklisting of their accounts. NHAI’s “One Vehicle, One FASTag” initiative goals to streamline toll cost processes and discourage the misuse of FASTags.
Significance of well timed KYC updates
NHAI underscored the significance of immediate KYC updates to guarantee seamless toll cost experiences on nationwide highways, emphasising the necessity for compliance earlier than the deadline.
Consequences of non-compliance
Failure to update FASTag KYC particulars by the deadline may end in account deactivation or blacklisting by the financial institution, main to inconvenience and delays at toll plazas throughout journey.
How to update FASTag KYC
Updating FASTag KYC is a simple course of:
- Visit the IHMCL buyer portal: https://fastag.ihmcl.com
- Log in utilizing your registered cellular quantity and password or OTP for verification.
- Access your profile and choose “My Profile” from the dashboard menu.
- Check your KYC standing on the profile web page and comply with the directions to update if crucial.
NHAI’s initiative to improve compliance
NHAI reiterated its dedication to selling compliance with KYC norms, aiming to deter using a single FASTag for a number of automobiles or associating a number of FASTags with one automobile, according to RBI tips.
Encouraging adherence to KYC course of
FASTag customers are inspired to full the KYC course of for his or her newest FASTag, aligning with RBI tips and NHAI’s efforts to improve toll cost effectivity and transparency.
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